Substitute for Foreign Aid
By F. A. HAYEK
Government aid fur.thers state economic control tin
Europe and should be replaced by private capita/,
investment backed by limited Government gv.p,rantee.
For the time being financing for rearmament has
in a large -measure taken the place of other forms
of capital movement to Europe. But this provides
only a partial and temporary solution to the prob­
lem with which in recent years this country has
tried to cope through large-scale...